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/biz/ - Business & Finance

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11698902 No.11698902 [Reply] [Original]

Can someone explain why anyone would feel safe and secure with their assets tied up in ANY Proof of Work coin when at any moment, if you're not paying attention, autists can disagree about how to upgrade it and they sperg out fucking things up in the process?

The whole Bitcoin -> Bitcoin Cash -> Bitcoin ABC -> Bitcoin SV -> and more to come, is laughable, and no institutions would ever seriously invest in this shit. The system collapsed in on itself with everyone thinking they know best. The only, the ONLY value in blockchain are Proof of Stake Platform tokens and variants of them, that actually have a use. Smart Contracts, Dapps, Bitcoin and the idea of having a cryptocurrency do nothing but act as a store of "value" was over the minute the first Bitcoin fork happened, and proved that copypasta of "Lol you can just Ctrl+V and double your money" was proven right.

If nobody can even agree on which version of Bitcoin has value, none of them have fucking value. At least with shit like ETH, EOS, TRX, ADA, LINK, XLM, and others, you know that they have ACTUAL use, and you're investing in the potential success of that project.

Bitcoin is the retard, NPC, herd mentality crypto at this point, and if you can't see that you're one of them.

>> No.11698978
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11698978

Bitcoin will always be more valid as first mover. LINK however can also be Ctrl+v'd. Even if the project is finished what stops any company from making their own chainlink crypto without having to pay a bunch of racist neets on /biz/. In fact Sergey would even encourage it since he would still reach his goal and made millions by dumping his entire stack on binance in one go.

>> No.11699017

>>11698902
>proof of stake
sounds like
proof of friends of sir gay
proof of big bank
proof of homosex

>> No.11699055
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11699055

>>11698902

wow

>> No.11699081
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11699081

>>11698902
>nothing but act as a store of "value" was over the minute the first Bitcoin fork happened

Less than 10% the hashrate 11% of the value. Yah makes total sense. BTC doesnt care about this it is going to enslave you all regardless. It is pure capitalism.

>> No.11699918
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11699918

Well, there's actually one PoW coin that is immune to these dangers...

>> No.11699939

>>11698902
true. but never bet against good branding, see apple, starbucks, disney, nike, etc. all mediocre products with great marketing and branding, all titans of their respective industry